Chennai: Redis Labs announced it has closed $110 million in financing led by a new investor Tiger Global which brings the company's valuation to more than $2 billion.
The company's Series G round also includes participation from another new investor SoftBank Vision Fund 2 and existing Redis Labs investor TCV.
Additionally Tiger SoftBank and TCV acquired additional ownership as part of a $200 million secondary transaction.
“We founded Redis Labs with the idea that the future of the database market would be defined by performance where Redis excels.
Through the dedication of our team Redis has become an enterprise-grade data platform to tackle nearly any real-time use case across every industry” said Ofer Bengal co-founder and CEO at Redis Labs.
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